Wallet Literacy Score

40% of U.S. adults give their personal finance knowledge a grade of C or worse.

Being financially literate means you understand the core concepts of money management and are able to apply them in a manner beneficial to your family’s long-term financial comfort and security. So complete the test, get your WalletLiteracy Score and use it to secure a richer financial future!

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Special thanks to the following academic experts who partnered with WalletHub to develop the WalletLiteracy Score:

H. Kent BakerUniversity Professor of Finance and Real EstateAmerican University

Vicki BoganAssociate Professor & Director of the Institute for Behavioral and Household FinanceCornell University

Cäzilia LoiblAssociate Professor of Consumer ScienceOhio State University

Mary SuiterAssistant Vice President for Economic EducationFederal Reserve Bank of St. Louis

The current state of financial literacy in the United States is scary. Many Americans don't know how to manage their money or understand the basics of the financial side of living. This survey can be useful both on an individual and a broader level and serve as a starting point for creating a plan to improve financial literacy in specific areas.

— Professor H. Kent Baker

There is often a disconnect between what people objectively know and what they think they know. Individuals should start by thinking about how they view their own financial knowledge, then take the quiz and see how they measure up to their subjective assessments. Readers should challenge themselves to learn more about aspects of personal finance where they score poorly or are less knowledgeable.

— Professor Cliff Robb

By truly learning and understanding some basic financial concepts, individuals can obtain a clearer idea of what is needed to become financially secure. By responding to the WalletLiteracy survey, consumers can determine what they actually know relative to what they think they know, and therefore better plan toward a more secure financial future…something of great benefit!

— Professor Richard G. Netemeyer

This measure of financial literacy goes deeper than most to illuminate individual strength and weakness in various dimensions of one's financial life. Objective feedback on which areas of your financial life you really do understand better than others is valuable. The worst situation, one we often see, is that people misunderstand something while also feeling confident that they understand it. Feedback can surface these hidden misunderstandings and help you decide whether to proceed alone, study more deeply, or seek advice.